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2022
Exports $120MWorld Rnk 28 / 209
Flag Rnk 97 / 1127
2022
Destination $1.75M United States
2021 - 2022
FASTEST GROWING MARKET $1.75MJapan
2022
PRODUCT COMPLEXITY IN Mattresses-0.5Rnk 701 / 1025
2022
Imports $95MWorld Rnk 40 / 225
Flag Rnk 277 / 1201
2022
Origin $19.1M China
2021 - 2022
FASTEST GROWING ORIGIN $19.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $120M in Mattresses, making it the 28th largest exporter of Mattresses in the world. At the same year, Mattresses was the 97th most exported product in Philippines. The main destination of Mattresses exports from Philippines are: United States ($54.2M), Netherlands ($49.2M), Germany ($11.1M), Japan ($3.4M), and China ($534k).

The fastest growing export markets for Mattresses of Philippines between 2021 and 2022 were Japan ($1.75M), Germany ($1.19M), and China ($427k).

Imports In 2022, Philippines imported $95M in Mattresses, becoming the 40th largest importer of Mattresses in the world. At the same year, Mattresses was the 277th most imported product in Philippines. Philippines imports Mattresses primarily from: China ($81.4M), South Korea ($2.64M), Malaysia ($2.41M), Denmark ($1.69M), and Thailand ($1.35M).

The fastest growing import markets in Mattresses for Philippines between 2021 and 2022 were China ($19.1M), Malaysia ($1.38M), and Thailand ($626k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Mattresses exports accounted up to $3.91M and imports accounted up to $848k, resulting in a positive trade balance of $3.06M. Between June 2023 and June 2024 the exports of Philippines'   Mattresses have decreased by $-2.76M (-41.4%) from $6.68M to $3.91M, while imports decreased by $-3.47M (-80.4%) from $4.32M to $848k.

Destinations In June 2024, Mattresses were exported mostly to Netherlands ($3M), Japan ($830k), Canada ($74.5k), Micronesia ($9.5k), and Singapore ($1.47k), and were imported mostly from Japan ($338k), South Korea ($177k), Vietnam ($79.2k), United States ($71.3k), and Thailand ($66.4k).

Growth In June 2024, the decrease in Mattresses's year-by-year exports was explained primarily by a decrease in exports to United States ($-2.09M or -65.2%), Japan ($-501k or -21.2%), and Micronesia ($-947 or -82.6%). In June 2024, the decrease in Mattresses's year-by-year imports was explained primarily by a decrease in imports from Japan ($-558k or -91.1%), Belgium ($-558k or -94.5%), and Bangladesh ($-122k or -91.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.76M(-41.4%)
IMPORT GROWTH (June 2023 - June 2024)$-3.47M(-80.4%)
MAIN DESTINATION (June 2024)Netherlands$3M

This section shows Mattresses's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Mattresses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$120M
IMPORTS (2022)$95M
NET TRADE (2022)$24.8M

In 2022, Philippines exported $120M in Mattresses. The main destinations of Philippines exports on Mattresses were United States ($54.2M), Netherlands ($49.2M), Germany ($11.1M), Japan ($3.4M), and China ($534k).

In 2022, Philippines imported $95M in Mattresses, mainly from China ($81.4M), South Korea ($2.64M), Malaysia ($2.41M), Denmark ($1.69M), and Thailand ($1.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mattresses EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$1.75M (106%)
Germany$1.19M (12%)
China$427k (400%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mattresses BY Philippines WERE (2021 - 2022):
Netherlands-$26.9M (-35.3%)
United States-$7.71M (-12.4%)
Austria-$2.56M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Mattresses were:
China $9.84B
Poland $1.38B
India $771M
In 2022, Philippines's main importing competitors in Mattresses were:
United States $5.58B
Germany $1.58B
Japan $1.5B

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Trade Value of Mattresses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.9M
TOP IMPORT POTENTIALChina+ $17.1M

Mattresses’s highest export potential is United States. With an export gap of $12.9M.   Mattresses’s highest import potential is China with an import gap of $17.1M.

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